LME Inventory :

  • Copper  DOWN    -275
  • Zinc    DOWN    -2550
  • Lead    DOWN    -1250
  • Nickel  UP      246
  • Aluminum        DOWN    -8900

Cancelled warrant ratio :    

  • Copper  UP       0.03
  • Zinc    DOWN     (0.23)
  • Lead    UP       11.67
  • Nickel  DOWN     (0.28)

IMPACT:

Metal inventories declined except Nickel while the cancelled warrants have remained at a blend and may have positive impact on Lead prices. Other metals are likely to remain weak ahead of the key Jackson hole meet in the evening.

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